Question

A demand loan of $6000.00 is repaid by payments of $3000.00 after two years, $3000.00 after four years, and a final payment after seven years. Interest is 6% compounded quarterly for the first two years, 7% compounded semi dash annually for the next two years, and 7% compounded quarterly thereafter. What is the size of the final payment?

Answer #1

A demand loan of $8000.00 is repaid by payments of $3500.00
after two years, $3500.00 after four years, and a final payment
after eight years. Interest is 7% compounded monthly for the first
2 years, 8% compounded semi-annually for the next two years, and
8% compounded quarterly thereafter. What is the size of the final
payment?

A demand loan of $8000 is repaid by payments of $3000 after
fifteen months, $4000 after thirty months, and a final payment
after four years. If interest was 8% for the first two years and
9% for the remaining time, and compounding is quarterly, what is
the size of the final payment?
The size of the final payment is
$.
(Round the final answer to the nearest cent as needed. Round
all intermediate values to six decimal places as needed.

5) A debt of $5000.00 is to be repaid by payments of $2000.00
after two years, $2500.00 after three years and a final payment
after five years. Determine the size of the final payment if
interest is 10% p.a. compounded semi-annually.

a
loan, amortized over 5 years, is repaid by making payments of $1200
at the end of every month. if interest rate is 3.50% compounded
semi- annually, what was the loan principal?

A loan of $100,000 is to be repaid by two equal repayments of X.
One repayment is due at the end of 2 years, the second repayment is
due at the end of 6 years. The interest rate is at 4% p.a.
compounded quarterly for the first 3 years and then 4.4% p.a.
compounded quarterly thereafter. What is the size of each
repayment?
a. $57,989.46
b. $56,779.19
c. $58,222.14
d. $58,762.97

A loan is to be repaid in end of quarter payments of $1,000
each, with there being 20 end of quarter payments total. The
interest rate for the first two years is 6% convertible quarterly,
and the interest rate for the last three years is 8% convertible
quarterly. Find the outstanding loan balance right after the
6th payment.
Please show/explain your work, I'd like to learn how to do it
without excel

A loan of $ 10000 is to be repaid in 30 equal monthly
installments with the first one paid seven months after the loan is
made. The nominal annual interest rate is 6 % compounded quarterly.
Determine the amount of the monthly payment.
Please show detailed process

A loan of 10,000 is being repaid with payments of 500 starting
one month after the loan is made and lasting as long as necessary.
A final smaller payment is made one month after the last regular
payment of 500. What is the amount of the additional smaller
payment using an interest rate of 12% compounded monthly?

A loan of $6,300 is being repaid by payments of $70 at the end
of each month. After the 7th payment, the payment size increases to
$280 per month. If the interest rate is 6.6% compounded monthly
calculate the outstanding loan balance at the end of the first
year.

Harris Machinery received a demand loan of $180,000. It repaid
$70,000 at the end of the first year, $90,000 at the end of the
second year, and the balance at the end of the third year. The
interest rate charged on the loan was 5.75% compounded
semi-annually during the first year, 5.50% compounded quarterly
during the second year, and 4.75% compounded monthly during the
third year.
a. What was the balance of the loan at the end
of the first...

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